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Is depreciation of delivery truck a period cost?
Yes depreciation of delivery truck is period cost because it is not product cost as it is not require to make the units of product.
Is depreciation of administrative equipment product cost or period cost?
Depreciation of administrative equipment is period cost because if production is done or not those assets will be depreciated hence cost will be charged as period cost.
Is depreciation on office equipment classified as a period cost or product cost?
period cost
If the adjustment for depreciation for the year is inadvertently omitted will the assets on the balance sheet at the end of the period be understated?
No they will be overstated as depreciation will not have been taken into account.
Depreciation on delivery truck is product cost?
Depreciation on delivery truck is period cost as it is not necessary for the making of product.
Is depreciation a product dost?
Depreciation is a period cost and not a product cost as depreciation is still charged even if there is no production or sale of goods.
Make a sentence with a word depreciation?
The accountant calculated the depreciation of the computer over a period of five years.
What does straight line depreciation over 5 years to a residual cost of 20 percent mean?
It means that, over a 5 year period, the value of the asset falls by 80 per cent (100 - 20 = 80). This is STRAIGHT line so that every year the depreciation 16% of the price at the start of the whole PERIOD. In calculating depreciation in the normal way, the depreciation each year is a percentage of the price at the start of that YEAR.
Is depreciation of delivery truck a period cost?
Yes depreciation of delivery truck is period cost because it is not product cost as it is not require to make the units of product.
Is depreciation of delivery truck period cost?
yes
What is the depreciation rate for a Dell Latitude D 610 over a 3 year period?
i want to know the suggestion depreciation period for computers (Acer 1500 AED)
Is depreciation of administrative equipment product cost or period cost?
Depreciation of administrative equipment is period cost because if production is done or not those assets will be depreciated hence cost will be charged as period cost.
Is depreciation on office equipment classified as a period cost or product cost?
period cost
Depreciation on delivery truck is product cost?
Depreciation on delivery truck is period cost as it is not necessary for the making of product.
If the adjustment for depreciation for the year is inadvertently omitted will the assets on the balance sheet at the end of the period be understated?
No they will be overstated as depreciation will not have been taken into account.
Is depreciation on a machine a period cost or product cost?
product cost
What is book depreciation mean?
The depreciation rate for accounting may be different than that of taxation. The depreciation as per books of accounts may often be termed as book depreciation while that calculated under tax law is termed as tax depreciation.
